This property looks like a bad Long-Term investment with a projected -15.37% first-year return on $65,898 initial cash invested.
-15.37%
Cash On Cash
3.68%
Cap Rate
0.57
DSCR
$2,162
Rent
-$844
Cashflow
Cash Flow
$2,162 income − $3,006 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,898
Downpayment
20%
$62,760
Closing costs
1%
$3,138
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,162
Total Expenses
$3,006
Mortgage P&I
79%
$1,699
Property Taxes
29%
$633
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0